Pick your salary

[wiper]

assuming that i have job security for the rest of my life, meaning that i wouldn't get fired before i started making the 'big money', this is an easy choice.

i've been broke before, and my girlfriend makes enough that we could survive for a few years...

[Thremp]

Under option 2: I assuming some sort of loan as there is no way you'd live in America beyond the first two years. Like zero chance with no outside help (food, begging etc)

If you could start in a third world country, option 2 is v v good. Just avoid rampant Aids, typhoid and TB and you're home free.

[Subfallen]

By year 35, you would bankrupt the entire world economy collecting your salary. ($85 trillion.) I think a few years of deprivation can be managed for that.

[testaaja]

I voted for the double but damn, living with 2500 the first year, [censored] that. I take the 200k

[Punker]

[ QUOTE ]
You're overrating the 200K. After taxes and living expenses you could not retire after 7 years.

[/ QUOTE ]

Disagree. You should also remember that I will have many years of interest on the already saved money at that point (ie, 7 years of the first 150K, 6 years of the 2nd 150K, etc)

[Thremp]

[ QUOTE ]
[ QUOTE ]
You're overrating the 200K. After taxes and living expenses you could not retire after 7 years.

[/ QUOTE ]

Disagree. You should also remember that I will have many years of interest on the already saved money at that point (ie, 7 years of the first 150K, 6 years of the 2nd 150K, etc)

[/ QUOTE ]

Haha. Good luck ever retiring.

[Duke]

[ QUOTE ]
[ QUOTE ]
You're overrating the 200K. After taxes and living expenses you could not retire after 7 years.

[/ QUOTE ]

Disagree. You should also remember that I will have many years of interest on the already saved money at that point (ie, 7 years of the first 150K, 6 years of the 2nd 150K, etc)

[/ QUOTE ]

$200k will have you trying to live off of $100k because of income taxes. You'll have to spend something on rent/food. If you can save $50k you're doing great.

So after 7 years, you will be far short of a million. If it were easy to retire on half a million, most of my friends could retire right now. I wonder why they don't?

[bobman0330]

[ QUOTE ]
[ QUOTE ]
You're overrating the 200K. After taxes and living expenses you could not retire after 7 years.

[/ QUOTE ]

Disagree. You should also remember that I will have many years of interest on the already saved money at that point (ie, 7 years of the first 150K, 6 years of the 2nd 150K, etc)

[/ QUOTE ]

Dude, you're not saving $150k from $200k pretax.

[kyleb]

[ QUOTE ]
[ QUOTE ]
You're overrating the 200K. After taxes and living expenses you could not retire after 7 years.

[/ QUOTE ]

Disagree. You should also remember that I will have many years of interest on the already saved money at that point (ie, 7 years of the first 150K, 6 years of the 2nd 150K, etc)

[/ QUOTE ]

Uh, you can't save $150k from $200k pre-tax. It's actually impossible.

[neuroman]

[ QUOTE ]
[ QUOTE ]
i think i could find enough friends and family members to help out with my expenses for the first 4 or 5 years knowing they would be paid back more than their share a few years after that.

I Take the 2500 a year to be making 8 figures a year in 13 years all day.

[/ QUOTE ]

I'm not so sure this is allowed. If it is then this is a 100% no brainer for anyone decently young. I think "no outside monetary support" could mean no place to stay or food provided by anyone you know, etc and especially no money.

[/ QUOTE ]
I would gladly live as a squatter/homeless person on 2500 and 5000 for the first 2 years since in 10 years I'd be earning $2.5M. Just go someplace warm, try not to get AIDS, and wait it out. looks like by year 35 I'll own the entire globe (current US GDP is $7 trillion.)

Year 5 income: 2500*2^5 = $80,000
Year 10 income: $2,560,000
Year 15 income: $81,920,000
Year 20 income: $2,621,440,000
Year 35 income: $85 Trillion